Category: Business

The Board of Directors of the African Development Bank on Monday approved a EUR 88 million loan to Cameroon as direct budget support to finance the country’s COVID-19 crisis response. The loan, to the country’s COVID-19 Crisis Response Budget Support Programme (PABRC), falls under the framework of the Bank’s COVID-19 Rapid Response Facility (CRF) of up to $10 billion, the… Read More

What: Consultation workshop to showcase options for private sector investments in climate change Who: African Development Bank, Stantec When: 25 June 2020; 1:00 pm to 3:30 pm GMT Where:  Virtual The Climate Change and Green Growth Department of the African Development Bank, with the global infrastructure firm, Stantec, will host a consultation workshop on enhancing private sector participation in climate… Read More

Africa must seize the opportunity of the COVID-19 pandemic to deepen the digitalization of agricultural value chains and transform the sector, speakers at a webinar jointly hosted by the FAO Investment Centre and the African Development Bank said. The webinar, held on 10 June, is the first of a four-part series discussing transforming agriculture in Africa through digitalization. It explored… Read More

Rwanda is renowned as a pioneer for gender equality. In 2020, it was the only African country ranked in the top 10 of the World Economic Forum’s Global Gender Gap Report. It ranked in the top four in the Report’s political empowerment category, in recognition of the high proportion of Rwandese women lawmakers and ministers. The country therefore seemed a… Read More

Ratings agency S&P Global on Friday affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook. The rating agency positively assessed the Bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy of its governance and management.  “We are therefore affirming our ‘AAA’… Read More

La pandémie de Covid-19 s’accompagnera, dans de nombreux pays africains, de chocs économiques provoqués par un ralentissement spectaculaire de l’activité et des flux commerciaux. Pour de nombreuses petites et moyennes entreprises (PME), les effets immédiats du Covid-19 se font sentir car elles sont confrontées à des réductions drastiques de revenus en raison de la baisse de la demande et du… Read More

Le potentiel énergétique de l’Afrique est considérable. Mais ce potentiel doit être exploité pour répondre aux besoins énergétiques, de plus en plus importants sur le continent. Aujourd’hui, 650 millions d’africains n’ont pas accès à l’électricité, soit plus des deux tiers de la population. Le déficit en infrastructures énergétiques est considéré comme l’un des principaux obstacles au développement et au progrès… Read More

A 37-square-kilometer solar park so large that it can be seen from space, with over seven million photovoltaic panels, and funding of $4 billion. In Africa? Impossible? Not anymore. Thirty international infrastructure developers got behind this project, investing in Egypt’s massive Benban solar park, which will be the largest in the world upon completion. Among the investors is Africa50, established… Read More

The Board of Directors of the African Development Bank on Wednesday approved a UA 3 million ($4.16 million) grant to South Sudan to support the emergency response to COVID-19 and strengthen the country’s fragile health system. The grant, from the Transitional Support Facility of the Bank Group’s African Development Fund, will provide funding for the project to enhance the capacity… Read More